Pretend you make $500 worth of purchases on your credit card, your bill arrives saying your minimum payment due is $20, and you pay that amount before the due date. Describe how credit card interest works and what you can expect to happen next

Answers

Answer 1

Explanation:

One may ask: what is a credit card? In simple words, a credit card is a payment instrument (plastic card) that allows the cardholder to spend money they don't personally own in their account.

Hence, A typical credit card statement would inform me that I made a purchase worth $500, stating

The Payment Due Date: For example, it may be written that I must have made the credit balance by 31/12/XX. (Note, Failure to do so would in most cases lead to accruing of interest)The Minimum payment due: In this case, the $20 signifies a minimum payment that is significant enough to be recorded till the entire $500 balance is covered. However, it is not intended that only that amount be paid each month. If it were to be it would take me 25 months or 2 years 1 month ($500/$20) to complete the balance; which is not the best option likely considering the accrued interest to be paid.

Related Questions

with examples, differentiate between direct and indirect tax

Answers

. Direct taxes include tax varieties such as income tax, corporate tax, wealth tax, gift tax, expenditure tax etc. Some examples of indirect taxes are sales tax, excise duty, VAT, service tax, entertainment tax, custom duty etc.

Answer:

Direct taxes are non-transferable taxes paid by the tax payer to the government and indirect taxes are transferable taxes where the liability to pay can be shifted to others. Income Tax is a direct tax while Value Added Tax (VAT) is an indirect tax.

please mark me brainliest and follow me my friend.

T/F There may be occasional reasons to go into debt, like real emergencies.

Answers

True, but could you elaborate on this ?

Where should a worker go for equipment to help put out a small fire?

Where could a supervisor get a bandage for a worker with a cut hand?

Where should a supervisor go to call for an ambulance after a worker breaks a leg?

Answers

Answer:

a. the front east wall

b. the floor manager’s office

c. the employee cafeteria

Explanation:

(A) A worker should go for tools to support putting out a small fire on the front east wall. DON’T pick individual belongings: Fires spread fast.

Who is Supervisor?

(B) A supervisor obtains a bandage for an employee with a cut hand in the floor supervisor’s office.

(C) A manager goes to call for an ambulance after an employee breaks a leg in the employee cafeteria.

While it’s comprehensible that employees will be shocked during a fire, keeping a level leader is important to survival. Fortunately, manipulating fire drills should support provide a calm reaction since everyone will comprehend exactly what to do.

Wrap the wound with a bandage, stay away from food and prep spaces, protect the hand with a glove and finger cot, and protect the wound with a bandage and a glove or a finger cot.

we would extremely advise you to directly administer First Aid and call an ambulance if somebody: Appears not to be breathing, is holding chest pain, working to breathe, or breathing strangely -appearing to ‘suck in’ below their rib cage and utilizing different muscles to support them to breathe.

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Steven has 55 baseball cards. Steven and Lucas have more than 71 baseball cards together. Which of the following inequalities represents the number of baseball cards the two boys have?

Answers

Answer:

105

Explanation:

If you need to add all of them together the answer will be 126

What might be an example of corporate social responsibility

Answers

funding water conservation technologies.

An example of corporate social responsibility is funding for planting trees in the city or country.

What is corporate social responsibility?

Corporate social responsibility is kind of a social responsibility of business owners and organizations towards the betterment of the society and environment. There are many ways to fulfill corporate social responsibility, such as planting trees, giving jobs to the underprivileged, funding for water and sanitation facilities, and many more.

At present times, this act of corporate social responsibility is being taken really seriously by business people, and they are fulfilling this responsibility with great zeal. There are dedicated departments in organizations that look after these activities.

Thus, planting trees is one example of corporate social responsibility.

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A country decides to impose a tax to reduce the external cost created by carbon emissions. Prior to the tax,____
and as a result of the tax,_____
A. marginal cost equals marginal benefit, marginal cost will be less than marginal benefit
B. there was no deadweight loss; a market failure occurs because taxes reduce production
C. market failure occurred; the deadweight loss is reduced
D. market failure occurred producer surplus will equal consumer surplus
E. producer surplus equals consumer surplus; marginal cost equals marginal benefit

Answers

Answer:

C. market failure occurred; the deadweight loss is reduced

Explanation:

Carbon emissions produce externalities: they affect others not involved in the transaction, in the form of pollution, or in the form of contributions to climate change. Externalities are a form of market failure because in this situation, the market fails to allocate resources in a way that produces the best social benefit (the Pareto Optimum).

To correct the externality, a tax is imposed, this type of tax is known as a Pigouvian tax. The Pigouvian tax reduces the deadweight loss caused by the externality.

Dont give some bolonie long answer just say a, b, c , or d and If you don’t now or you think you now don’t answer thanks


Which HTML tag is formatted correctly?

This is a heading
This is a heading
This is a title
This is a paragraph

Answers

Answer:

your answer is

B. This is a heading

good luck :)

The field of economics is most concerned with studying:

A. the ways physical capital is formed in nature
B. the biological differences between people's wants and needs
C. the ways people elect their leaders in a democracy
D. the choices people make with limited resources

Answers

Answer:

I think :

D. the choices people make with limited resources.

The field of economics is most concerned with studying the choices people make with limited resources. Thus option D is correct.

What is the Economics system?

An economic system is a mechanism used by communities or authorities to coordinate and allocate wealth, activities, and goods throughout a territory or nation. The factors that affect production, such as land, cash, labor, and natural facilities, are governed by economic structures.

In economics, it is studied what people want and what are their needs. This is to make sure that how with the limited amount of resources the people adjust.

The choices that they make. Also how the resources rea being allocated. As the market provides different choices people will take choose accordingly.  Therefore, option D is the correct option.

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GRUBHUB PERKS GIVE YOU DEALS ON THE FOOD YOU LOVE
THE KIND OF DEALS THAT MAKE YOU B O O G I E
DO DO DO DO TU TU TU TU
DO DO TU TUG UT UTURUWEUG
DOVRIOGJGHIJRG
DO
DO
DO
GET THE FOOD YOU LOVE i cant even finish it

Answers

ARNT YOU KOOOOOOL!we live to hear itttt

Answer:

Grubhub perks give you deals on the food you love.

The kind of deals that make you boogie.

[music]

Purple guy: *bites borger and dances*

Sushi guys: *appear and eat the sushi*

Sallad girl: *eats salad and stands up*

Milkshake girl: *does the splits and sluprs milkshake*

Everyone: *dances all at once*

camera moves to purple guy and shows him dancing

[music stops] camera changes to house and kid looks at purple guy

purple guy: points at kid

kid: says huh and blinks

[music starts again]

Kid: *dancing*

Get the food you love with perks *doorbell rings* from Grubhub!

Grub what you love

Explanation:

Q1. This organizational structure violates the unity of
command principles because of dual reporting
relationship.

A. Functional organization
B. Line type organization
C. Matrix organization
D. Network organization

Q2. It is a collection of independent, mostly single
function enterprises that collaborate on a good
or service.

A. Divisional organization
B. Functional organization
C. Matrix organization
D. Network organization​

Answers

Question:

Q1. This organizational structure violates the unity of command principles because of dual reporting relationship.

Q2. It is a collection of independent, mostly single function enterprises that collaborate on a good or service.

Answer:C. Matrix Organization A. Divisional Organization Explanation:

That's my opinion and I hope it helps ^_^

#CARRYONLEARNING #STUDYWELL

In the first eight days after its release, how many Nintendo Wii systems were sold?

Answers

Answer

600,000 units

Explanation

Nintendo Wii sold 600,000 units of its new Wii video game console in the first eight days after its release in the Americas, as the company vies with rivals Sony Corp.

How many years of experience does a market research analyst typically need to become certified?
CD 1
3
5
10

Answers

Answer:

3 years

Explanation:

One requires a minimum of 3 years working and providing opinions to be certified as a  market researcher. The person will have gone through the formal college education first and acquired at least a bachelor's degree. Relevant degree programs for a market researcher include statistics, economics, mathematics, marketing, and business studies. They to be a member of a professional body.

A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!

Answers

Answer:

A.................

Explanation:

look at my pokemon

Answer:

D

Explanation: because i said so but it might not be right

Entrepreneurs affect the economic decisions a country makes by:

A. convincing societies to give up their most expensive wants
B. producing useful goods regardless of their demands or scarcity
C. earning consistent salaries that make the economy more stable
D. identifying new ways for people to fulfill their wants and needs

Answers

Answer:

D. identifying new ways for people to fulfill their wants and needs

Explanation:

Entrepreneurs start new businesses in society. They are quick to spot and identify needs and wants in the market. Entrepreneurs establish businesses to provide solutions to these needs and want at a profit.

Entrepreneurs use their creativity to come up with new and unique products that offer solutions to society's problems. They innovate better products and ways of offering services that are friendly and more cost-effective. Entrepreneurship goes hand-in-hand with creativity and innovation.

what are the answers for all 3 of them?

Answers

Answer:

See below

Explanation:

(i) €585.00

As per the statement, Taylor owed €585.00 to Franklyn photographic supplies Ltd at the end of April. The closing balance for April is the Amount owed at the end of April.

(ii) €75.00

The opening balance for April as indicated in the statement is the closing balance for March.

(iii) €375.00

As per the statement an amount of €375.00 was paid on April 15

How can you determine an independent contractor?
A. Independent contractors have an interview and a daily schedule
b. Their work and work hours are minimally controlled
c. Their work and work hours are moderately controlled

Answers

Answer:

B.

Explanation:

Answer:

b

Explanation:

You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to th loan​

Answers

Answer: i would say b

Explanation:

Just take the points ;-; I'm done here
what is 2+2

Answers

Answer: 4

Explanation:

2+2=4

In addition, the addends or the summands are numbers or terms being added together

Explain why flexible price policy is not price discrimination.

Answers

Answer:

see below

Explanation:

Flexible pricing is a strategy that leaves room for negotiation between the seller and buyer. In this strategy, the seller does not set a fixed price. They set a range in mind, allowing for negotiations with the buyer. In flexible pricing, a seller will have the minimum amount they can accept and a maximum amount they can charge.

Price discrimination is a pricing strategy where a producer sets different prices for the same product to different groups of consumers.  The producer will segment or group customers depending on various traits such as social status or income levels.  A price will be set for each category depending on the producer's perception of their ability to pay.

In price discrimination, the price is already set for different categories of customers, but in flexible pricing, every customer has the opportunity to negotiate for the best price.

reflection of food and beverage

Answers

Answer:

The interpretation of the sort of situation is characterized following portion.

Explanation:

Food and beverage organizational leadership would be important for generosity, tourist activities, and instructional design learners. Relatively increased educators are encouraged throughout the resource allocation of different approaches. Because several learners have the understanding and although F&B capitalists, evaluation using these thoughts and feelings can be an essential part of the strategy.

Where can you locate the Function Library group?
View tab of the ribbon
Formulas tab of the ribbon
File tab of the ribbon
Insert tab of the ribbon

Answers

Answer:

I can locate the function library group on formulas tab of the ribbon.

You locate the Function Library group on the Formulas tab of the ribbon. The correct option is B. Select the Formulas tab on the Ribbon to open the Function Library. Look for the Group Function Library.

What is the library function answer?

Predefined functions are library functions. The developer includes some built-in functions to help the user work. We don't need to write our own code for some operations. We can simply use one of the library functions to complete our task.

The formulas tab contains a function library. The function library on the formulas tab is a great place to start learning about functions. Here you can search for and select Excel functions. The Function Library Group enables the user to use all of the formulas in Excel. The function is automatically inserted in the selected cell.

Thus, the ideal selection is option B.

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what are creative products example flying water bottle

Answers

Answer:

Tesla’s self driving car

Or the waterproof speaker for showers

Explanation:

Car dealer ben carte paid 97 percent of the base price of 22,567. he also paid 93 percent of options totaling 3,465. and a destination charge of $650. what is the dealers cost

Answers

Answer: im also working on my school work and i also need help i tried to work on that question im confused but i know that 22,567-97% is 677.01

This card works like a short-term loan?
A. debit
B. credit

Answers

A loan is where you ask for money and then pay it back later.
This is like a credit card since you can buy things and then pay the credit card bill at the end of the month.

Answer:

B.

Explanation:

its a loan that you are paying back

Alejandro works nights at a restaurant. His job is to prepare drinks for customers. He serves drinks directly to customers who sit nearby, but he also makes drinks for waiters to take to customers throughout the restaurant. Alejandro is most likely a...

Mei works long hours in a restaurant. She plans the menu for the restaurant, supervises kitchen staff, and cooks food. Mei is most likely a...

Answer: Alejandro is a bartender and Mei is a Chef or cook

Answers

Answer:

Alejandro is a bartender and Mei is a Chef or cook

Explanation:

He wrote the correct answer but it wouldn't pop up first so I answered it.

Answer:

the guy above is correct.

Explanation:

When your company pays for a promotional message, that is a form of what?
A. Advertising
B. Public relations
C. Word of mouth
D. Market research

Answers

Answer: advertising

Explanation:

Answer:

A

Explanation:

got it right on Edge

when they use internet ads marketers get their audience involved by using interactive content suck as​

Answers

I believe the answer is A hope this help have a good day

Answer:links and surveys

Explanation: took the test

please answer I would like to not fail this test so can someone hook me up with the answer it between b and c for me but im include all the options in case i'm completely wrong.


_____ makes a good impression in a job interview.


Bringing a friend with you

Arriving early and alone

Bringing your textbooks

Listening to music

Answers

Answer:

Arriving early and alone

Explanation:

well first is that if you were to bring a friend with you on a job interview they could cause a distraction and that would nake you not get the job because most people or in this case your boss would not be able to trust the fact that you pay attention to what you have to do for your job and same would go if your listening to music that would be a distraction because you have to listen to what the persons is asking you to do and bringing no need you should of already study the questions and aswers.so therefore that only leaves you with arriving early and alone.

Answer:

B

Explanation:

Bringing your textbooks; not correct because they'll think you arent confident enough and remember confidence is the key.

Bringing a friend with you; What type of person brings their friend to a interview? This is obviosly not the answer.

So in conclusion, the answere would be Arriving early

Discuss with your parents or friends what type of communities you belong to. Then submit at least three sentences telling me what type of community or communities you belong to and how you participate in them.

Answers

Answer: They are three type of community we have; Urban, rural and suburban.

Explanation:

They are three type of community we have; Urban, rural and suburban. Urban community refers to a community that has developed to a large extent, most residents have non-agricultural jobs, the city has commercial buildings, roads, railway more banks.

Suburban community areas are lower density areas that separate residential and commercial areas from one another. They don't have much development as the Urban community.

Rural community is known for it's underdevelopment, has more of residential areas than industries around it.

I presently stay in a suburban community

HELP PLEASE!
1. Alex loves to build things and wants to study robotics. He needs to get a job over
the summer but the only one he can find is at a fast food restaurant Does taking
the job mean that Alex cannot pursue a career in robotics? Explain your answer

Answers

Answer:

He can take the job at the fast food restaurant to make money in order to pursue his career in robotics it doesnt mean he cant pursue it just he needs to make money for it first.

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